London-based investment fund, Fuel Ventures, has invested GBP2 million in online tutoring platform, Tutor House, which connects parents and families with tutors either in-person or online.
The site, which is run by education professionals, allows families to search for tutors across an array of subjects and academic levels.
An online and in-person tutoring agency that aims to give all students access to affordable tutoring, group retake courses and educational support, no matter their level or ability, has secured investment from London-based VC fund, Fuel Ventures.
Ex-teacher Alex Dyer launched Tutor House in 2012, after working in the educational industry for more than 14 years. Since then the business has become the UK’s leading tutoring agency, offering private home or remote tuition for all Primary, GCSE, A-Level and University subjects.
On a mission to change the way students and parents find trusted and qualified tutors, their goal is to make tutoring affordable for all and allow every single student to benefit from expert tutoring and educational support, regardless of their ability.
Tutor House will be using the investment from Fuel Ventures to expand into other countries, and to create a bespoke school in London for students who need intensive tutoring for exam retakes.
Fuel Ventures is a venture capital firm that specialises in providing seed funding to early stage technology companies. It invests in founders who have the ambition to build a global, market-leading company, with the passion and ability to execute. Fuel provides entrepreneurs with expertise and insights in business development, marketing and brand-building through its experience of building, scaling and exiting global companies.
Alex Dyer, Tutor House founder, says: “Our company is run by education specialists and tutors, with years of experience. We’re on a mission to change the way students and parents find trusted and qualified tutors. We want to return autonomy to tutors, tutees, and families, to make tutoring affordable for, and accessible to, the people that need it the most. That’s not a big ask, and we’re well on our way to making that happen.
Mark Pearson, founder of Fuel Ventures, says: “This is an exciting time for Fuel Ventures and its start-ups, and Tutor House is a great business that has already achieved an impressive level of growth since 2012. They are the UK’s market leader and are making plans for further expansion into countries outside of the UK, following this investment.
“We don’t see our investments as just numbers in a spreadsheet. We nurture and support our portfolio companies because we only invest in businesses that we believe in. Tutor House is one of these companies, and we look forward to following their development and progress in the coming months.”
